Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
District audit: general fund ends higher than budgeted; teacher-salary percentage flagged, county waiver granted
Summary
Independent auditors reported a $12.9 million increase in the general fund for 2023–24 and identified a state compliance finding that classroom teacher salaries were below the 60% guideline by ~1.6 percentage points (~$2.8M); the district applied for and received a county waiver. The board accepted the audit and corrective action plan.
Merced City School District’s independent auditors presented the 2023–24 audit at the Jan. 14 board meeting and the board unanimously accepted the report and a corrective-action plan.
Key figures and findings: Auditor Linda Yang (I. Bailey) told trustees the general fund ended the year with an increase of $12.9 million. The auditor reviewed government-wide and fund financial statements, capital-asset additions (new playgrounds were cited) and long-term liabilities (bonds, pension and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
